Can I retire at age 65 with 12,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,020,898
2 years$527,361$517,540$508,021$498,792$489,840$482,010
3 years$348,082$338,218$328,723$319,581$310,775$303,124
4 years$258,460$248,626$239,226$230,240$221,647$214,234
5 years$204,701$194,926$185,649$176,846$168,493$161,339
6 years$168,873$159,172$150,032$141,425$133,322$126,438
7 years$143,292$133,672$124,678$116,274$108,427$101,814
8 years$124,114$114,582$105,736$97,539$89,951$83,610
9 years$109,207$99,764$91,071$83,082$75,751$69,681
10 years$97,287$87,937$79,398$71,617$64,544$58,740
11 years$87,542$78,285$69,900$62,328$55,510$49,969
12 years$79,426$70,265$62,035$54,670$48,104$42,820
13 years$72,564$63,499$55,424$48,266$41,947$36,916
14 years$66,688$57,718$49,799$42,845$36,771$31,985
15 years$61,600$52,727$44,962$38,210$32,376$27,829
16 years$57,152$48,376$40,764$34,213$28,614$24,299
17 years$53,231$44,552$37,094$30,740$25,371$21,282
18 years$49,750$41,168$33,862$27,703$22,559$18,687
19 years$46,639$38,154$30,999$25,032$20,107$16,445
20 years$43,843$35,455$28,449$22,671$17,960$14,501
21 years$41,316$33,025$26,168$20,576$16,072$12,808
22 years$39,022$30,828$24,118$18,708$14,407$11,329
23 years$36,931$28,832$22,268$17,038$12,932$10,033
24 years$35,017$27,014$20,595$15,539$11,624$8,896
25 years$33,258$25,351$19,075$14,192$10,460$7,896
26 years$31,638$23,826$17,691$12,976$9,422$7,014
27 years$30,140$22,423$16,427$11,877$8,494$6,235
28 years$28,751$21,129$15,271$10,882$7,665$5,547
29 years$27,461$19,933$14,211$9,979$6,921$4,937
30 years$26,259$18,825$13,237$9,158$6,254$4,397
31 years$25,136$17,796$12,341$8,411$5,654$3,918
32 years$24,086$16,838$11,514$7,730$5,114$3,493
33 years$23,102$15,946$10,751$7,108$4,628$3,114
34 years$22,178$15,113$10,045$6,540$4,190$2,778
35 years$21,308$14,335$9,391$6,021$3,795$2,479
36 years$20,488$13,606$8,785$5,545$3,439$2,212
37 years$19,715$12,922$8,223$5,109$3,117$1,975
38 years$18,984$12,281$7,700$4,709$2,826$1,764
39 years$18,292$11,678$7,214$4,342$2,562$1,575
40 years$17,636$11,111$6,762$4,005$2,324$1,407
41 years$17,014$10,576$6,341$3,695$2,109$1,257
42 years$16,424$10,072$5,948$3,410$1,913$1,123
43 years$15,862$9,597$5,581$3,148$1,736$1,003
44 years$15,327$9,148$5,239$2,907$1,576$897
45 years$14,817$8,723$4,919$2,684$1,431$801
46 years$14,332$8,322$4,620$2,479$1,299$716
47 years$13,868$7,941$4,341$2,291$1,180$640
48 years$13,424$7,581$4,079$2,117$1,071$572
49 years$13,001$7,240$3,834$1,956$973$512
50 years$12,595$6,916$3,605$1,808$884$458

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,900,000, adding $2,464 every year, while hoping to spend $36,684 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 43/43/14 Blend
64$12,900,000$12,900,000$12,900,000$12,900,000
65$14,218,342$13,534,642$13,334,692$14,771,794
66$15,629,581$14,158,808$13,742,372$15,783,948
67$17,183,537$14,812,328$14,162,481$16,875,960
68$18,894,729$15,496,603$14,595,395$18,058,208
69$20,779,154$16,213,099$15,041,503$19,338,990
70$22,854,441$16,963,354$15,501,207$20,727,411
71$25,140,015$17,748,980$15,974,918$22,233,464
72$27,657,282$18,571,666$16,463,064$23,868,115
73$30,429,830$19,433,182$16,966,081$25,643,403
74$33,483,649$20,335,385$17,484,422$27,572,548
75$36,847,383$21,280,220$18,018,551$29,670,066
76$40,552,592$22,269,727$18,568,949$31,951,904
77$44,634,056$23,306,043$19,136,108$34,435,576
78$49,130,100$24,391,409$19,720,538$37,140,329
79$54,082,956$25,528,175$20,322,762$40,087,311
80$59,539,164$26,718,801$20,943,321$43,299,762
81$65,550,007$27,965,871$21,582,770$46,803,230
82$72,171,998$29,272,089$22,241,684$50,625,797
83$79,467,413$30,640,292$22,920,651$54,798,338
84$87,504,877$32,073,454$23,620,281$59,354,801
85$96,360,013$33,574,693$24,341,199$64,332,519
86$106,116,158$35,147,276$25,084,052$69,772,548
87$116,865,142$36,794,629$25,849,505$75,720,047
88$128,708,165$38,520,344$26,638,242$82,224,686
89$141,756,744$40,328,187$27,450,969$89,341,112
90$156,133,769$42,222,105$28,288,413$97,129,444
91$171,974,662$44,206,237$29,151,324$105,655,826
92$189,428,657$46,284,922$30,040,472$114,993,045
93$208,660,205$48,462,709$30,956,653$125,221,195
94$229,850,531$50,744,366$31,900,686$136,428,420
95$253,199,340$53,134,895$32,873,414$148,711,730
96$278,926,706$55,639,537$33,875,706$162,177,901
97$307,275,145$58,263,790$34,908,457$176,944,460
98$338,511,909$61,013,415$35,972,590$193,140,779
99$372,931,506$63,894,455$37,069,054$210,909,279
100$410,858,481$66,913,244$38,198,829$230,406,745